NXP semiconductors could generate between eight percent and 10 percent of its revered from India over the next three to five years, a Senior Executive Told Reuters On Monday, UNDERSCORING Interator Country’s nascent chip market.
India’s Growing Automotive and Industrial Sector are expected to boost the company’s sales in the region, NXP India Head Hitesh Garg Said on the Sidelines of an Industry In the Tech Hub of Bengalruu.
“Next three to five years is the time when India is going to become very significant for nxp as a market where we also generate a lot of reveal,” He said.
NXP does not currently break out revealed from India, a fast-growing but small market for most Major Chip Companies.
The India focus come at a time when sales of automotive chipmakers Tarifs on Chinese Electric Vehicles.
China Accountted For Nearly A Third of NXP’s 2023 sales of $ 13.28 billion (roughly Rs. 1,05,245 years), based on customers’ Shipping Locations, While Revenue from the RESINEUE from the Rest of the RESTE OR Made up almost 30 percent.
“Some of the Missed Opportunity from One Geography, We Can Capture Here,” Garg said when asked if expanding in markets such as India Cold Offset Uncertains
Us President-Elect Donald Trump has vowed to Levy a 60 Percent tariff on Imports of Chinese-Made Products, Raising Major Growth Risks for the World’s Second-Largest Economy.
India has been trying to grow its chip industry with initiatives including a $ 10 billion (roughly Rs. It expects its semiconductor market to be worth $ 63 billion (roughly Rs. 5,39,969 Crore) by 2026, but has yet to production its first chip.
NXP said in September it would invest over $ 1 billion (roughly Rs. 85,704 Crore) in India, Dualing Its Research and Development Efficiency. Other Chip Firms Including Micron Are Also Investing in the Country.
© Thomson Reuters 2025
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